153 JOSEPH STREET

Kitchener, ON N2G1J5

Investment opportunity strong rental demand area- 153 Joseph Street . This fantastic 6-plex is situated in a peaceful neighbourhood near downtown Kitchener. This property offers a great opportunity for investors. Legal 6 plex all separate entrances for each unit in 3 story building not purpose build. There are 4 - two bedroom, 2 - one bedroom. The property has been well maintained over the years and offers great potential for investors or owners who are looking to add value through updates. All major systems are in working order and inspected yearly. And the building includes a paid monitored fire alarm system connected directly to the local fire station for peace of mind. Coin operated washer and dryer. Each unit has separate hydrometer. Three units with private balcony, One heating system operated by Boiler uses gas. Hot water tank rental. Close to LRT local train and bus terminal. Close to Victoria Park and Kitchener downtown area such as City Hall, Manulife building, Grandriver Hospital. 5 of the units will be vacant on closing. One 2 bedroom on the 3rd floor requires a fire escape . So only one unit will be tenant occupied at closing.(we can issue a 90-day notice to the tenant to have them move out prior to closing ) Basement area has a lot of storage space. Functioning mechanicals and utilities. Great long-term investment upside .The property has been meticulously maintained by the same owner for 22 years, offering peace of mind to potential buyers. One attached garage with 3 outside parking spaces. The property is sold as is. Potential income 130800/year, expense 18000/year (id:31684)

Listing courtesy of: MICHAEL TINGXING LIN of HOMELIFE LANDMARK REALTY INC.

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